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Dec 31, 2012
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that's the total automatic cuts that you get that would include fema, education and state and local aid. obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still awaiting president obama to see how things are taking shape on parts of the deal for washington. back in two minutes. sfls welcome back to prounch. in just a few moments the president will take to the foed poed yum there to talk about the fiscal cliff negotiations. john, you have outlined what we believe are some of the components of this possible deal. given what you know, which side gave more at this point? >> i think everybody is giving. look, the president wanted, and democrats wanted, having campaigned on it, $250,000 threshold for family income for the return to the clinton jer gentleman tafrm rates
that's the total automatic cuts that you get that would include fema, education and state and local aid. obviously states like hawaii, places like virginia that are more dependent on federal spending would get hit harder than other states, sue. so write down the numbers. write down the percentages and see how much any view they come up with brings it down to figure out what the macro economic effects will be and micro economic effects. simon? >> all right, steve. will do. we are still...
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Dec 26, 2012
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. >>> plus, forget about a college education. why the oil fields of america are now attracting the young. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> gold prices closing right now. let's get to bertha coombs. >> gold closing fractionally higher, on track for its twelfth yearly gain, smallest since 2008 because it's been a very tough quarter for gold. despite the fact we've had all these worries, whether it be the fiscal cliff, the election, the situation in europe. nonetheless, gold has just not been the safe haven. this morning, it was industrial metals that got a boost as we saw rallies in asia on hopes that maybe this new regime
. >>> plus, forget about a college education. why the oil fields of america are now attracting the young. [ male announcer ] you are a business pro. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like...
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Dec 27, 2012
12/12
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nice infrastructure, good infrastructure, demography, people with skills, a good level of education. we can take advantage of that, even compared with our peers so let's do everything we can to -- the benefit of these positive advantages and not be -- not present people to invest in france because they might be afraid of a lack of visibility on the taxpayers or too high taxes. >> but do you think it's sending the right signal to investors when it's threatening to nationalize a factory? >> no, certainly not. these are not the right ones and clearly what an investor needs is, again, confident. immediately going forward, illustrate will not suffer from taxes or a potential threat. the message should be positive for investors, not just french one, but also we have a strategy to reduce stability. >> but do you understand some people could be forced to leave the country because of increasing back pressure? >> there is a lot of debate around that. my view is that is not the right thing to think that you can put people, like, in jail. it is important to be competitive by providing a favorabl
nice infrastructure, good infrastructure, demography, people with skills, a good level of education. we can take advantage of that, even compared with our peers so let's do everything we can to -- the benefit of these positive advantages and not be -- not present people to invest in france because they might be afraid of a lack of visibility on the taxpayers or too high taxes. >> but do you think it's sending the right signal to investors when it's threatening to nationalize a factory?...
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Dec 31, 2012
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some popular tax deductions and credits from the stimulus bill, on clean energy, wind energy, education tax credits would be preserved under this deal. unemployment benefits extended for a year. there would be a doc fix. that is preventing doctors who work under medicare from having their reimbursements dramatically cut and you've had a fix to the alternative minimum tax, protecting tens of millions of families from a huge increase in their tax bill based on some provision that was originally intended only to hit people at the top. that's what we know so far but there's still elements in play and democrats have not yet scheduled a caucus meeting in the senate to sell this deal to their members. when they do that, you can expect vice president biden to go to the hill, talk to democrats, try to persuade them to vote for this. >> you mentioned in the biden/mcconnell talks, a couple of sticking points. one is the sequestering. what was the second one? >> well, there's disagreements over the estate tax. there's disagreements over the, how to pay for and whether to pay for the so-called doc f
some popular tax deductions and credits from the stimulus bill, on clean energy, wind energy, education tax credits would be preserved under this deal. unemployment benefits extended for a year. there would be a doc fix. that is preventing doctors who work under medicare from having their reimbursements dramatically cut and you've had a fix to the alternative minimum tax, protecting tens of millions of families from a huge increase in their tax bill based on some provision that was originally...
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Dec 31, 2012
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and that kind of thing has gone to, i think, a level of education and interest that certainly has been burgeoning in america for the last ten or 15 years. now as markets become more sophisticated and get up to speeds with these levels of fine wine we're seeing that accelerate not just in the far east, but in emerging markets. >> and, chris, what are you popping open tonight? >> i think i'm going to have some roanarke champagne tonight. we're going to cheer a difficult end of the year in terms of what we want through regionally, but we're going to look forward to hopefully a fantastic year coming up. >> all right. he's staying traditional. chris adams is chairman and ceo of sharely lehman. thanks very much. >>> straight after the break, we take a look at whether chinese companies are helping iran break u.s. trade embargoes. details when we come back. >>> welcome back to "worldwide exchange." i'm kelly evans. the show is from thshg this morning and these are your headlines. with the hours ticking down towards the fiscal cliff deadline, china's manufacturing activity hits its fastest pay
and that kind of thing has gone to, i think, a level of education and interest that certainly has been burgeoning in america for the last ten or 15 years. now as markets become more sophisticated and get up to speeds with these levels of fine wine we're seeing that accelerate not just in the far east, but in emerging markets. >> and, chris, what are you popping open tonight? >> i think i'm going to have some roanarke champagne tonight. we're going to cheer a difficult end of the...
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Dec 31, 2012
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and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could turn it into a more positive narrative? >> i think we are at this place because the role of muddle in politics has overwhelmed, the lobbying process has overwhelmed the sound financial planning for the american people. we have a mess in the health care spending in the out years, which is real. but the costs of providing medical care through pharmaceutical monopolies, insurance monopolies and hospitalization monopolies means american people pays more than double what the rest of the people pay in the world. we're not fixing that. >> diana, is that your assessment of what we witnessed today? >> we are not making real attempts to cut spending, which is the problem. we have $16 trillion in debt. $1 trillion deficit. and what we're talking about today i
and they're not addressing the real problems of america, which are jobs, productivity, education, science research, and withering infrastructure. this is appalling, and the american people should watch whatever's happening with a sense of disgust. >> you feel clearly very strongly. >> yes. >> why do you think we've got to this stage? what could turn it into a more positive narrative? >> i think we are at this place because the role of muddle in politics has overwhelmed,...
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Dec 31, 2012
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pokes in this country are committed to education and educating their children. the last thing they want to go is child care. but they're going to more part-time care. that creates a different view to our franchise owners and how they hire people and hours that they can provide to staff that they're limiting. >> greg, am i wrong in saying that i would assume if you're in the bookkeeping business, this on a short-term basis has to be a good thing? >> it actually is a great thing. yeah, we hit the market in two different areas. one, we obviously offer an opportunity for a group or individual to get into the business and start a career or wealth builder. but obviously, we have a touch with the end users, the 30 plus million around the u.s. and soon to be canada, as well. and supplying that small business owner with not only a bookkeeping service, but also data and analytics to help them run the business and make some business decisions as they grow. >> now, you're a franchise model. if, for example, whether it's dividends or capital gains and that goes up, does that
pokes in this country are committed to education and educating their children. the last thing they want to go is child care. but they're going to more part-time care. that creates a different view to our franchise owners and how they hire people and hours that they can provide to staff that they're limiting. >> greg, am i wrong in saying that i would assume if you're in the bookkeeping business, this on a short-term basis has to be a good thing? >> it actually is a great thing....
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Dec 28, 2012
12/12
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and so people are looking, and research laboratories, educational situations, they're looking all over the country at what a sort of mindless 10% cut means or whatever. so they are really at the point of wanting some spes if ity and having someone look at, should we do this program or that program? and that's really what the congressman's going to have to do. >> yeah. i just -- i wonder how that shifts things now? because the narrative right now, and maybe the public will buy it right now, is that the republicans have been obstructionist about the tax issue. once we get past january 1st and you get everything you want, you won't even have to argue about $400,000, $500,000, $1 million. i don't know really if the president has had any reason to negotiate in good faith. >> he knew we were going over -- he knew he could get back to 39.6, and you saw geithner. in fact, congressman, i think we should have learned from this. check out this quick sound bite. >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again, there's no prospect to an agreement that doesn't
and so people are looking, and research laboratories, educational situations, they're looking all over the country at what a sort of mindless 10% cut means or whatever. so they are really at the point of wanting some spes if ity and having someone look at, should we do this program or that program? and that's really what the congressman's going to have to do. >> yeah. i just -- i wonder how that shifts things now? because the narrative right now, and maybe the public will buy it right...
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Dec 24, 2012
12/12
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part of that is also to educate other ceos about the importance of aviation. you talk about the tax environment. 20% of the price of your ticket is taxation. you talk about, again the regulatory environment. thees a ease of regulation in a deregulated environment. global competitiveness. you talk about the pricing of oil. this is why we're down in washington, really trying to educate and ceos elected are important in this industry. >> you have players trying to take market share. are you seeing impact of private jet companies sprouting up all over the place, trying to get folks to do private jets? >> really not yet. >> not yet. >> what i hear, is it the corporate jet is not available, i'm flying jetblue. i love that compliment. someone flying from teterboro to west palm beach, they are taking care of that corporation. >> good strategy in teterboro, i'll tell that you. >> it works for us. >> thanks so much pch wonderful to see you and merry christmas. happy holidays. you've heard concerns, tax implications, even recession fears if we go over the fiscal cliff. w
part of that is also to educate other ceos about the importance of aviation. you talk about the tax environment. 20% of the price of your ticket is taxation. you talk about, again the regulatory environment. thees a ease of regulation in a deregulated environment. global competitiveness. you talk about the pricing of oil. this is why we're down in washington, really trying to educate and ceos elected are important in this industry. >> you have players trying to take market share. are you...
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Dec 24, 2012
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20s, have a couple of kids, and buy the house and then go off to save for retirement and children's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials shows people post-65 take their equities down. the good news is the baby boom average age is 55. so we've got ten years to worry about that. >> we do our work. >> tobias, good to see you. happy holidays. >> happy holidays to you. your little hockey player? >> the day before christmas, of course, still no fiscal cliff resolution. the $500 billion in spending cuts and tax increases start on january 1st unless the white house and congress reach some sort of agreement. we're joined by former pennsylvania governor ed rendell, co-chair of the campaign to fix the debt. and a cnbc contributor. governor, happy holidays. good morning to
20s, have a couple of kids, and buy the house and then go off to save for retirement and children's education. that group peaked in 2000 in terms of americans, fell since then, turns in 2013, starts to grow and it will be bigger than the baby boom is over the next decade. >> the good times are coming, tobias? >> we think so. >> the baby boomers taking their money out. >> consumer finance, happy you brought that up, almost like you logged it in for me. survey financials...